Adjustments to Current Assets
Adjustments to Total Assets
Adjustments to Current Liabilities
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Revenues
Adjustments to Reported Income

Palantir Technologies Inc., adjusted current assets

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Current assets	4,138,618)	3,041,577)	2,863,250)	2,257,429)
Adjustments
Add: Allowance for credit losses	10,500)	10,100)	—)	—)
After Adjustment
Adjusted current assets	4,149,118)	3,051,677)	2,863,250)	2,257,429)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

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Palantir Technologies Inc., adjusted total assets

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Total assets	4,522,425)	3,461,239)	3,247,450)	2,690,504)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)
Add: Allowance for credit losses	10,500)	10,100)	—)	—)
Less: Noncurrent deferred tax assets, net²	—)	—)	—)	42,852)
After Adjustment
Adjusted total assets	4,532,925)	3,471,339)	3,247,450)	2,647,652)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Noncurrent deferred tax assets, net. See details »

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Palantir Technologies Inc., adjusted current liabilities

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Current liabilities	746,018)	587,941)	660,061)	603,823)
Adjustments
Less: Deferred revenue, current	246,901)	183,350)	227,816)	189,520)
After Adjustment
Adjusted current liabilities	499,117)	404,591)	432,245)	414,303)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

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Palantir Technologies Inc., adjusted total liabilities

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Total liabilities	961,460)	818,802)	956,420)	1,167,954)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)
Less: Noncurrent deferred tax liabilities²	8,063)	11,965)	1,580)	—)
Less: Deferred revenue	274,948)	193,315)	268,033)	240,045)
After Adjustment
Adjusted total liabilities	678,449)	613,522)	686,807)	927,909)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Noncurrent deferred tax liabilities. See details »

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Palantir Technologies Inc., adjusted stockholders’ equity

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Stockholders’ equity	3,475,561)	2,565,326)	2,291,030)	1,522,550)
Adjustments
Less: Net deferred tax assets (liabilities)¹	(8,063)	(11,965)	(1,580)	42,852)
Add: Allowance for credit losses	10,500)	10,100)	—)	—)
Add: Deferred revenue	274,948)	193,315)	268,033)	240,045)
Add: Noncontrolling interests	85,404)	77,111)	—)	—)
After Adjustment
Adjusted total equity	3,854,476)	2,857,817)	2,560,643)	1,719,743)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

¹ Net deferred tax assets (liabilities). See details »

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Palantir Technologies Inc., adjusted capitalization table

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Debt, noncurrent, net	—)	—)	—)	197,977)
Total reported debt	—)	—)	—)	197,977)
Stockholders’ equity	3,475,561)	2,565,326)	2,291,030)	1,522,550)
Total reported capital	3,475,561)	2,565,326)	2,291,030)	1,720,527)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)
Add: Operating lease liabilities, current²	54,176)	45,099)	39,927)	29,079)
Add: Operating lease liabilities, noncurrent³	175,216)	204,305)	220,146)	229,800)
Adjusted total debt	229,392)	249,404)	260,073)	456,856)
Adjustments to Equity
Less: Net deferred tax assets (liabilities)⁴	(8,063)	(11,965)	(1,580)	42,852)
Add: Allowance for credit losses	10,500)	10,100)	—)	—)
Add: Deferred revenue	274,948)	193,315)	268,033)	240,045)
Add: Noncontrolling interests	85,404)	77,111)	—)	—)
Adjusted total equity	3,854,476)	2,857,817)	2,560,643)	1,719,743)
After Adjustment
Adjusted total capital	4,083,868)	3,107,221)	2,820,716)	2,176,599)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Operating lease liabilities, current. See details »

³ Operating lease liabilities, noncurrent. See details »

⁴ Net deferred tax assets (liabilities). See details »

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Palantir Technologies Inc., adjusted revenue

US$ in thousands

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Revenue	2,225,012)	1,905,871)	1,541,889)	1,092,673)
Adjustment
Add: Increase (decrease) in deferred revenue	81,633)	(74,718)	27,988)	(23,090)
After Adjustment
Adjusted revenue	2,306,645)	1,831,153)	1,569,877)	1,069,583)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

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Palantir Technologies Inc., adjusted net income (loss) attributable to common stockholders

US$ in thousands

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Net income (loss) attributable to common stockholders	209,825)	(373,705)	(520,379)	(1,166,391)
Adjustments
Add: Deferred income tax expense (benefit)¹	(4,806)	(174)	43,316)	(20,385)
Add: Increase (decrease) in allowance for credit losses	400)	10,100)	—)	—)
Add: Increase (decrease) in deferred revenue	81,633)	(74,718)	27,988)	(23,090)
Add: Other comprehensive income (loss)	6,134)	(2,984)	396)	(2,042)
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest	7,550)	2,611)	—)	—)
After Adjustment
Adjusted net income (loss)	300,736)	(438,870)	(448,679)	(1,211,908)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

¹ Deferred income tax expense (benefit). See details »

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Palantir Technologies Inc. (NYSE:PLTR)

Adjustments to Financial Statements

Adjustments to Current Assets

Adjustments to Total Assets

Adjustments to Current Liabilities

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Revenues

Adjustments to Reported Income